BA case: £250m payment was for APS trustees to use how they saw fit, says ex-chairman
A £250m contingent payment, due to be paid in 2019, was created for Airways Pension Scheme (APS) trustees to use however they wanted, according to its former chairman.
The claim was made by Paul Spencer during the High Court trial where British Airways (BA) is contesting the decision by APS trustees to award a 0.2% discretionary increase - above the Consumer Price Index...
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